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Raytheon and Lockheed Martin to Have “Preferred Access” to SRMs Built at Avio’s Future SRM Plant

Raytheon and Lockheed Martin to Have “Preferred Access” to SRMs Built at Avio’s Future SRM Plant
The Arleigh Burke-class guided-missile destroyer USS Bulkeley (DDG 84), launches a Standard Missile-3 in May during At-Sea Demonstration/ Formidable Shield 2025 (U.S. Navy Photo)

RTX's [RTX] Raytheon and Lockheed Martin [LMT] have signed Memoranda of Understanding (MOU) with Italy's Avio SpA to help build a "state of the art" solid rocket motor (SRM) plant in the United States. Raytheon and Lockheed Martin will have "preferred access to a share of the Avio plant production capacity to meet future demand," according to Avio. Late last month, Avio said that its shareholders had approved a 10-year, $465 million transatlantic expansion plan geared to the production of…

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